POWERGRID approves ₹485 cr SCADA upgrade, JBIC loan 2026

What the board cleared on June 10, 2026

Power Grid Corporation of India Limited (POWERGRID) approved a set of operational, financing, and governance decisions following a Board of Directors meeting held on June 10, 2026. The key announcements included an infrastructure upgrade for control and monitoring systems, an international loan facility, and changes in senior management positions.

The board approved the upgradation of SCADA (Supervisory Control and Data Acquisition) and associated systems of NTAMC/RTAMC. The project has an estimated cost of ₹485.04 crore. Alongside the capex approval, the board also sanctioned an unsecured term loan facility of JPY 80 billion from JBIC (Japan Bank for International Cooperation) and participating financial institutions.

Separately, the company disclosed the resignation of its Company Secretary and Compliance Officer and announced new appointments for the Company Secretary and the Chief Financial Officer (CFO), with clearly stated effective dates.

SCADA and associated systems upgrade: scope and cost

The board approved the upgradation of SCADA and associated systems of NTAMC/RTAMC at an estimated cost of ₹485.04 crore. SCADA systems are used to monitor and control grid operations and are part of the operational backbone for transmission utilities.

While the disclosure does not provide a commissioning timeline or vendor details for this specific NTAMC/RTAMC upgrade, the cost estimate indicates a sizeable technology and systems refresh. In the context of a national transmission utility, such upgrades typically relate to visibility, control, and operational coordination across assets and load centres.

The approval adds to a broader pattern of technology and system investments referenced in the provided information, including earlier SCADA/EMS and cybersecurity related initiatives.

JBIC term loan facility: JPY 80 billion unsecured funding

In addition to the SCADA upgrade, POWERGRID’s board sanctioned an unsecured term loan facility of JPY 80 billion. The facility is from JBIC and participating financial institutions.

The company described the facility as a boost to financial resources. The disclosure excerpt does not specify the end use, drawdown schedule, interest terms, or the tenor. It also does not state any conversion into rupees, so the amount is retained as JPY 80 billion as disclosed.

The approval signals continued use of diversified funding sources, including international lenders, alongside domestic bank facilities mentioned in the broader set of announcements.

Key leadership and compliance changes

POWERGRID announced that Shri Satyaprakash Dash ceased to be the Company Secretary and Compliance Officer effective June 10, 2026. The cessation was consequent upon his resignation due to other assignments in the Finance Department.

The board approved two senior management appointments at the same meeting:

• Smt. Anjana Luthra, General Manager (Company Secretariat), was appointed Company Secretary and Compliance Officer with immediate effect from June 10, 2026.
• Shri Venkata Subrahmanayam Vallurie, Chief General Manager (F&A), was appointed Chief Financial Officer (CFO) with effect from July 1, 2026.

These appointments formalise continuity in statutory compliance oversight and finance leadership, with a clear transition timeline for the CFO role.

Recent operational milestones referenced in the disclosures

Beyond the June 10 decisions, the provided information also references a commissioned transmission project in Gujarat. POWERGRID commissioned the “Transmission Network Expansion in Gujarat to increase ATC from ISTS, Part-B” project on May 13, 2026, with confirmation for Commercial Operation received on June 3, 2026.

The disclosures also note that Shri Sunil Kumar, Chief General Manager, was promoted to Executive Director (ED) (Senior Management Personnel) with effect from June 1, 2026. These items add context on project execution and management actions during the period.

Investments, acquisitions, and financing approvals in 2025-26

The supplied text includes additional corporate actions and board approvals in 2025-26 that frame POWERGRID’s broader capital allocation and financing activity.

POWERGRID acquired 100% shareholding in Tumkur II RE Transmission Limited (TRETL) for approximately ₹15.46 crore on May 29, 2026.

The material also references debt fund-raise approvals through domestic banking channels, including approval of up to ₹4,000 crore through an unsecured rupee term loan/line of credit (bank facility) from State Bank of India, and a separate board decision on March 9, 2026 to raise up to ₹5,000 crore through an unsecured rupee term loan or line of credit from Union Bank of India.

From the same March 9, 2026 set of decisions, the board approved an investment of ₹233.96 crore to establish a Centralized Security Operations Center for Substations Operational Technology Security Operations Center (OT SOC), to be implemented within 24 months after receiving approval from the Central Electricity Regulatory Commission.

Governance changes: CMD appointment and divestment plan

The provided information states that the board approved the appointment of Shri Burra Vamsi Rama Mohan, Director (Projects), as Chairman and Managing Director (CMD) of POWERGRID effective April 1, 2026, and that he assumed charge on the same date.

It also mentions an “in-principle” approval for divestment of POWERGRID’s entire equity stake in its wholly owned subsidiary, Central Transmission Utility of India Limited (CTUIL), to be transferred to Grid Controller of India Limited (GRID-INDIA). The excerpt does not provide a completion timeline or consideration.

In addition, POWERGRID’s international expansion efforts were referenced through a planned framework agreement with Africa50 and Uganda Development Bank to develop a power transmission project in Uganda under the Independent Power Transmission (IPT) model.

Key facts at a glance

Market impact: what these decisions change

The SCADA upgrade approval points to continued operational capex focused on grid monitoring and control capabilities. In transmission operations, such systems are closely tied to reliability and day-to-day dispatch coordination.

On the financing side, the JPY 80 billion unsecured term loan facility diversifies borrowing sources and adds an international lender-backed channel to the company’s funding toolkit. Combined with the earlier referenced domestic bank facilities, the disclosures indicate that POWERGRID is keeping multiple borrowing options available to support ongoing projects and requirements.

The senior management and compliance officer changes, with same-day effect for the Company Secretary role and a stated transition date for the CFO, provide clarity on governance continuity after the resignation of the outgoing Company Secretary.

Analysis: why the June 10 approvals matter

POWERGRID’s June 10 decisions combine three themes that are frequently watched by investors in utilities: operational resilience (systems upgrades), funding access (loan facilities), and leadership continuity (appointments in compliance and finance).

The SCADA upgrade, at ₹485.04 crore, is one of the larger single-line technology and systems approvals mentioned in the material for this period. The JBIC facility, disclosed in yen terms, underlines the company’s engagement with international financial institutions, complementing the rupee-denominated bank facilities referenced elsewhere in the supplied information.

Separately, the set of updates around commissioning milestones, acquisitions, and divestment plans provides additional context that the company is balancing new project execution, portfolio actions, and funding decisions across 2025-26.

Conclusion

POWERGRID’s board meeting on June 10, 2026 resulted in a ₹485.04 crore SCADA and associated systems upgrade approval, sanction of a JPY 80 billion unsecured term loan facility from JBIC and participating institutions, and key changes in the Company Secretary and CFO roles. The company has also cited recent commissioning progress in Gujarat and other corporate actions during 2025-26. The next tracked milestone from the June 10 announcements is the CFO appointment taking effect from July 1, 2026.